IL tenant lease bonds.
Flat 3%. Soft pull.
A tenant lease bond is a contractual alternative to a cash security deposit — it guarantees the landlord that a tenant will meet the lease's financial obligations, without the tenant tying up a large deposit. This is not a state-mandated bond; the amount is whatever the lease or landlord sets. We issue it at a flat 3%, soft credit pull only.
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Three steps to a bonded lease.
No statutory queue — this is a private lease bond. Here's the entire process:
Apply once, online
Your details, the bond amount your lease requires, and the effective date. The only extra step is a one-time consent to a soft credit pull.
Reviewed & approved
Most of these clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The credit check is a soft pull that never affects your score.
E-sign & deliver to your landlord
Pay online and receive the executed bond, ready to give your landlord in place of a cash deposit. Wet-ink originals mailed on request.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the amount your lease requires and the premium updates.
What it is and who needs it.
What the tenant lease bond actually does
A tenant lease bond is a private, contractual instrument — it lets a tenant satisfy a landlord's security requirement with a surety bond instead of a large cash deposit. The tenant pays a premium; the landlord gets a guarantee it can claim against if the tenant defaults on rent or damages the unit.
This is not an Illinois-mandated bond. Illinois law governs cash security deposits — the Security Deposit Return Act (765 ILCS 710) and Security Deposit Interest Act (765 ILCS 715), plus local ordinances like Chicago's RLTO — but it does not require a lease bond. Whether one is accepted is up to the landlord and the lease.
Because it's contractual, the amount is whatever the lease or landlord sets — often tied to a month or two of rent, or to the deposit the bond replaces. Like every surety bond, it is not insurance for the tenant: if the surety pays the landlord, the tenant repays the surety. We issue whatever amount your lease names, at a flat 3%, with a soft credit pull that never affects your score.
You might use this bond if you are
Five minutes. The whole thing.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is typically issued within 1–2 business days.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
Is a tenant lease bond required in Illinois? +
How much is it? +
Does this replace my security deposit? +
What happens if I damage the unit or skip rent? +
Is there a credit check? +
Other New York bonds.
Tenant lease bond, issued this week.
Five-minute application, flat 3%, $275 minimum. Confirm the amount with your landlord and deliver it in place of a deposit.